Industry News

Company lost nearly $200 million last year.
Image from Peloton's IPO filing with the SEC.

NEW YORK (BRAIN) — Stationary bike vendor Peloton has filed paperwork for an initial public offering. The company plans to trade on the Nasdaq under the "PTON" symbol. 

PETALUMA, Calif. (BRAIN) — Kitsbow, a high-end offroad cycling apparel brand, is relocating its factory from California to a new facility near Asheville, North Carolina. 

Courtesy photo.

SAN LUIS POTOSÍ, Mexico (BRAIN) — As the Trump administration upends global trade policy with China with punitive tariffs on bicycles, parts and accessories, Mexico’s Grupo Mercurio is eyeing the U.S. market.

Photo courtesy Woom.

BOULDER, Colo. (BRAIN) — Bicycle Retailer & Industry News' editorial staff is preparing a feature on upcoming season youth bikes and related products for our October magazine. The multi-page feature will include photos and reporting about business and product trends for the 2020 season. The feature will provide retailers with an overview of options and trends during the preseason ordering period.

SEATTLE (BRAIN) — Rad Power Bikes dropped its lawsuit filed against an Arizona electric vehicle company on Wednesday that sold e-bikes under the Bam Power Bikes brand.

Tagged Electric bike

SAN JUAN CAPISTRANO, Calif. (BRAIN) — Emerald Expositions has canceled its Outdoor Retailer Winter Market show, which had been planned for early November in Denver, and which was to have included a bicycle trade area.

Tagged Interbike
Matous discusses NICA's success in introducing mountain biking to thousands of teenager and developing lifelong cyclists and outdoor enthusiasts.
NICA president Steve Matous.

DURANGO, Colo. (BRAIN) — Steve Matous, who became president of the National Interscholastic Cycling Association in May, is the latest guest on the Channel Mastery podcast, presented by BRAIN and Verde Marketing and hosted by Verde's Kristin Carpenter.

IRVINE, Calif. (BRAIN) — Former BRAIN managing editor Toby Hill has been named the first editor-in-chief of Cycle Volta, an e-bike and electric two-wheel mobility website operated by publisher Bonnier Motorcycle Group. Hill started in his new role Monday.

Tagged Electric bike / Media/Publishing

STOCKHOLM (BRAIN) — Helmet industry veteran Greg Shapleigh is leaving the board of MIPS and says he will assume "a key position" in the industry.

HELSINKI (BRAIN) — Amer Sports Corporation, the former owner of Mavic and current owner of Enve Composites and other brands, has asked for its stock to be delisted from the Nasdaq Helsinki stock exchange. Mascot Bidco Oy, a group led by Chinese sports brand Anta, has acquired all shares of Amer in a buyout that was initiated last September.

ZURICH (BRAIN) — Accell Group has sold Protanium, a pedelec development brand, and Diavelo, an associated pedelec bike brand, to a new Swiss company headed by pedelec entrepreneur Karin Vogelsanger. 

Tagged Electric bike / Mergers & Acquisitions
Rad Power's retail showroom in Seattle. Courtesy photo.

NEW YORK (BRAIN) — Three bike industry brands — two of them in the e-bike market and the other in the youth bike space — have made Inc. magazine's annual list of the 5,000 fastest growing private companies.

Tagged Electric bike
Altor Locks' SAF is 80mm in diameter and weighs 13.7 pounds.

STERLING, Va. (BRAIN) — With battery-powered grinders becoming a favorite tool among bike thieves, Altor Locks has developed its own cutting-edge technology.

"Filling the parking spots."

SQUAMISH, British Columbia (BRAIN) — 7Mesh was founded by a crew with years of experience in the technical outdoor apparel market, so a technical cycling rain jacket was a natural centerpiece of its first seasons.

But its founders always had bigger plans for the brand.

CARLSBAD, Calif. (BRAIN) — SockGuy's summer "promo" sock supports the Yellow Umbrella movement in Hong Kong.

Balance bikes get reprieve until Dec. 15, however.
Requisite stock photo of ship. Photo by kinsey on Unsplash.

WASHINGTON (BRAIN) — While President Donald Trump announced Tuesday that his administration will delay some tariffs on Chinese imports until Dec. 15, most bicycle products remain on a list subject to increased tariffs Sept. 1. 

Tagged Tariffs

LITTLE ROCK, Ark. (BRAIN) — Tony Karklins and HIA Velo have settled the lawsuit Karklins had filed against the company last fall. 

Giant's stock performance over a three-month period. Yahoo Finance.

TAICHUNG, Taiwan (BRAIN) — Giant Manufacturing Co. LTD enjoyed a 5.3% increase in first half revenue driven by growing demand for e-bikes in Europe as well as favorable exchange rates. Recovering sales in China also helped boost revenue. Giant reported its first half numbers Wednesday.

Tagged Earnings/Financial Reports
Power meter brand sells exclusively consumer direct in Europe.

VANCOUVER, British Columbia (BRAIN) — Power2Max, which has been offering a crank spider-based power meter since 2011, is one of the best known power meter brands in Europe but has considerably smaller visibility in North America.

Rad Power Bikes will provide an e-bike fleet to Domino's.

SEATTLE (BRAIN) — Rad Power Bikes will provide e-bikes exclusively to Domino’s pizza franchises later this year, according to an agreement announced Tuesday.

Tagged Electric bike

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